Business

How to enjoy the season without falling into debt

December 19, 2023

Janice Sabitsana

AS the cool ‘Ber’ months breeze in, carrying with them a symphony of twinkling lights, festive carols and the mouthwatering aroma of bibingka and puto bumbong, it’s undeniable: the holiday season is here! But amidst the laughter, gift-giving and heart...

Anti-dumping duties vs Turkish flour stays

December 19, 2023

Jasper Emmanuel Y. Arcalas

THE Philippines will continue imposing anti-dumping duties against imported Turkish wheat flour for the next three years to prevent the domestic industry from suffering injuries, the state’s tariff commission ruled.

Unesco inscribes Aklan’s piña weaving to intangible cultural heritage list

December 19, 2023

THE United Nations Educational, Scientific and Cultural Organization (Unesco) has included the craft and tradition of the handwoven piña or pineapple textile of Aklan in its Representative List of the Intangible Cultural Heritage of Humanity.

Epic sci-fi action thriller ‘The Creator’ to debut December 20 on Disney+

December 19, 2023

20th Century Studios’ The Creator, the epic sci-fi action thriller directed by Gareth Edwards which was released in theaters, will debut on December 20 on Disney+.

‘Wonka’ waltzes to $39 million opening, propelled by Chalamet’s starring role

December 19, 2023

Jake Coyle | Associated Press

NEW YORK—Wonka debuted with $39 million in box office sales in US and Canadian theaters over the weekend, according to studio estimates on Sunday. That made it a strong start for the Timothée Chalamet—starring Willy Wonka musical that underscored t...

Derek Ramsay is indeed a happy man

December 19, 2023

Actor Derek Ramsay is back on the big screen after taking a hiatus from acting. He is the lead male character in the horror film Kampon, directed by King Palisoc from the script of our brilliant writer-friend Dodo Dayao.

End-Sept PHL debt up by 10% to $118.8B–BSP

December 18, 2023

Jasper Y. Arcalas

THE Philippines’s total external debt as of end-September rose by 10 percent year-on-year to over $118 billion as the state borrowed more abroad to augment its financing requirements domestically, the Bangko Sentral ng Pilipinas (BSP) said.

4 in 10 Pinoys food-insecure in next 6 mos, says study

December 18, 2023

EVEN if inflation has slowed down, the uncertainty among many Filipinos on whether they have food to eat for the next six months is seen to continue in the long run.

Wowed by Japan, PBB Meyes new 10-yr econ blueprint

December 18, 2023

Bernadette D. Nicolas

RECOGNIZING Japan as a technological leader and one of Association of Southeast Asian Nations’ (Asean) important strategic partners, President Ferdinand R. Marcos Jr. is now pushing for the creation of a new 10-year economic road map, which ...

MB clears new ad hoc ways to spur more green lending

December 18, 2023

Jasper Y. Arcalas

THE Monetary Board (MB) has greenlit additional temporary measures, including the reduction of the reserve requirement rate on sustainable bonds, to entice banks to extend more loans for green or sustainable activities.

PHL eyes hefty market share of firms pivoting from China

December 18, 2023

Andrea E. San Juan

MANILA is eyeing to get a “respectable” market share of the firms pivoting from China, particularly in the semiconductor industry, as part of its “catch-up plan” to reverse decline in exports amid the global economic slowdown.

Need for dedicated Manila Cruise terminal raised

December 18, 2023

Ma. Stella F. Arnaldo

Ma. Stella F. Arnaldo / Special to the BusinessMirror

Group: ’24 worse than transport strike

December 18, 2023

Lorenz S. Marasigan

SHOULD the government remain relentless in refusing to extend the deadline for industry consolidation, it is effectively “staging a nationwide transport strike” that could potentially paralyze the Philippines in 2024.

Traders shun exports path due to state requirements

December 18, 2023

Andrea E. San Juan

ONLY seven percent of 28,000 entrepreneurs studying under the training arm of the Department of Trade and Industry (DTI) applied to become exporters.

Stricter enforcement of toys safety laws pushed by group

December 18, 2023

Jonathan L. Mayuga

AS the season of gift-giving draws near, a toxics watchdog called on businesses to strictly comply with a 12-year-old law to ensure that toys containing endocrine-disrupting chemicals (EDCs) called phthalates are not produced, imported, and offered fo...

Solon seeks fund for education of nurses

December 18, 2023

Jovee Marie N. de la Cruz

AMID the worsening shortage of nurses in hospitals, a lawmaker is pushing for the establishment of a dedicated Nursing Education Support Fund (NESF) amounting to P1 billion, aimed at addressing the escalating shortage of nurses in hospitals.

PHL to tie up with Japanese firms to expand creative markets reach

December 18, 2023

Samuel P. Medenilla

PRESIDENT Ferdinand R. Marcos Jr. said the country is now eyeing to expand its share in the $2.6-trillion global creative market through partnerships with Japanese firms.

Bong Go lauds Senate ratification of bicam report on Magna Carta of Filipino Seafarers

December 18, 2023

SENATOR Christopher “Bong” Go expressed his gratitude following the Senate’s approval and ratification of the Bicameral Conference Committee’s version of the Magna Carta of Filipino Seafarers on Wednesday, December 13.

4M LPG cylinders must be replaced

December 18, 2023

THERE are four million unsafe LPG (liquefied petroleum gas) cylinders in the market that should be replaced before January 7, 2025, South Pacific Inc. and Republic Gas Corp. (Regasco) said over the weekend.

Most Pinoys for PUV modernization amid opposition to consolidate–poll

December 18, 2023

Roderick L. Abad

BARELY two weeks before the December 31 deadline for consolidating Public Utility Vehicle (PUV) operators nationwide, majority or 70 percent of Filipinos are happy about the PUV Modernization Program that the government will fully implement as Preside...

ADB plea to extend bidding for NAIA rehab gets backing

December 18, 2023

Jovee Marie N. de la Cruz

LAWMAKERS called on the Department of Transportation (DoTr) to consider the recommendation of the Asian Development Bank (ADB) to extend the bidding for the Ninoy Aquino International Airport (NAIA) rehabilitation project by one month to ensure a fair...

Lawmaker notes Marcos order on water projects

December 18, 2023

Jovee Marie N. de la Cruz

A leader of the House of Representatives strongly backed the recent order by President Ferdinand Marcos Jr. to concerned government agencies to complete all water-related projects by April next year, stressing swift action to mitigate the effects of a...

Solon bares govt move to pursue alliance for growth

December 18, 2023

Jovee Marie N. de la Cruz

SPEAKER Martin G. Romualdez said that the Philippine government is actively pursuing strong partnerships with its allies to enhance food stability and economic opportunities for millions of Filipinos.

Sale of govt assets hits ₱1.21Bvia ‘strong privatization push’

December 18, 2023

Jasper Y. Arcalas

THE Privatization and Management Office (PMO) has earned P1.21 billion this year from the sale of government assets, surpassing its performance from 2018 to 2021, the Department of Finance (DOF) said.

PDIC to bid out lots via public e-bidding in Jan

December 18, 2023

THE Philippine Deposit Insurance Corp. (PDIC) announced recently that it will accept bids next year for closed bank and corporate-owned residential lots on its e-bidding portal.

GSIS to insure over 132,000 public school buildings

December 18, 2023

THE Government Service Insurance System (GSIS) announced it will provide fire insurance for more than 132,000 public school buildings under the Department of Education (DepEd) nationwide.

‘Nothing illegal hiking unprogrammed funds’

December 18, 2023

Butch Fernandez

FORMER Senate President Franklin M. Drilon, who also served as Secretary of the Department of Justice in a previous administration, declared over the weekend he saw nothing illegal in the decision of Congress to increase the “unprogrammed funds” in th...

Govt told to invest in OSW

December 18, 2023

The legal counsel of an organization of renewable energy (RE) associations urged the government to have equity participation in offshore wind (OSW) projects to “fully maximize” the potential of the billion-dollar wind industry.

SNAP plans to beef up RE portfolio via solar projects

December 18, 2023

Renewable energy company SN Aboitiz Power (SNAP) unveiled plans to build up to 1,000 megawatts (MW) of solar power capacity by 2030, a move that will further boost its renewable energy (RE) goals.

Globe cloud management platform features AI

December 18, 2023

Lorenz S. Marasigan

Globe Telecom Inc. on Sunday said its cloud and AI engineering unit Cascadeo has integrated generative AI into its cloud management platform dubbed Cascadeo AI.

Aliw Broadcasting wins 5 awards

December 18, 2023

Aliw Broadcasting Corporation has clinched an array of accolades for their outstanding contributions to the broadcasting industry at the Southeast Asian Premier Business and Achiever Awards held on December 8, 2023, at the Winford Resort and Casino Ma...

‘Corn consumption will cut PHL rice imports’

December 18, 2023

Jasper Y. Arcalas

The Philippines aims to reduce its reliance on rice imports by boosting the production of white corn and promoting its consumption.

Taiwan unveils demo farm in Tarlac

December 18, 2023

The Taipei Economic and Cultural Office in the Philippines (TECO) announced the opening of the Taiwan Technical Mission (TTM) Demonstration Farm at Barangay Sapang Maragul in Tarlac City last December 15.

Govt to build ₱2.43-B irrigation facility for Bulacan farms

December 18, 2023

The Department of Agriculture broke ground on a P2.43-billion irrigation project that seeks to increase the incomes of farmers and aquaculture investors in Doña Remedios Trinidad (DRT), Bulacan.

Editorial Cartoon December 18, 2023

December 18, 2023

BusinessMirror Editorial

Image credits: Jimbo Albano

WHO warning: E-cigarettes target children, adolescents

December 18, 2023

BusinessMirror Editorial

The World Health Organization (WHO) on Thursday issued a call to action on e-cigarettes, stressing that urgent and strong decisions to prevent uptake of these products, which are harmful to health, should be taken to protect children as well as non-sm...

ADB maintains 5.7% growth forecast for the Philippines, fastest in Southeast Asia

December 13, 2023

Manila Standard Business

The Asian Development Bank (ADB) maintained its 2023 growth forecast for the Philippines at 5.7 percent, citing continued support from domestic demand. The ADB, in its December 2023 Asian Development Outlook (ADO) report, noted that the country’s gross domestic product (GDP) grew 5.9 percent in the third quarter and averaged 5.5 percent in the first […]
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On track to last puff: Global harm reduction champs say PHL is in right direction to control rampant smoking

December 10, 2023

WHILE some highly developed and small nations have already controlled smoking prevalence in their countries, emerging economies like the Philippines are on the right track to achieve this goal, according to advocates of Global Tobacco Harm Reduction.